Mexican Starbucks

Mexican Starbucks

Alsea, from Cosme and Alberto Torrado, continues to be oriented towards greater international growth. This company not only has a responsibility towards its main shareholders, but also vis-à-vis the general public investor, who follows their decisions carefully and assesses each of their movements. For example, this Thursday, Alsea's stock has suffered a 3.05% drop in the Mexican market, which shows investors' reaction when they learned that the company was planning on to operate Starbucks in European markets such as France and the Netherlands. , Belgium and Luxembourg. The company operates brands such as Burger King, Domino's Pizza and Vips and has approximately 3,500 stores in nearly a dozen countries. The withdrawal of their titles may take into account the fact that, despite their achievements, Alsea did not go well. They remind us that in 2012, they launched the Pei Wei Asian Diner restaurant brand in Mexico, but their low popularity forced them to close in the last quarter of 2014.

An uncomfortable member in Banxico?

Just over two months before its imminent exit from the Bank of Mexico (Banxico), we are told that the deputy governor Manuel Ramos France he does not hesitate to go against the rest of his colleagues on the board of directors to express his discomfort with the economic policy of the next government. This was confirmed by the minutes of the last meeting, in which he was the only member to have voted in favor of rising interest rates, asserting that inflation was facing a complex scenario and that expensive for the credibility of Banxico. We are told that Ramos Francia was known for his biased position that rates are low, but apparently, it is now him who threatens to introduce the freezer into the economy as a result of rising rates. interest rate. His term as deputy governor will end on December 31. The elected president Andrés Manuel López Obrador proposed Jonathan Heath.

Concerned about the campaign

Specialists from organizations such as the World Bank as well as businessmen represented by the National Board of Agriculture (NAC), who chairs Bosco de la Vega, will meet Wednesday next week in the forum "Transform with Innovation, a better future for the sector", organized by Mexichem and Netafim. The purpose of the meeting is to analyze the challenges and potential of the country's agricultural sector and we expect that as a host Antonio del Valle Perochena, Chairman of the board of Grupo Kaluz, the consortium controlling Mexichem. Netafim is an Israeli company specializing in drip irrigation and micro-irrigation, for which Mexichem paid about $ 1,900 million at the beginning of this year to obtain an 80% stake.

Europe: the T-MEC is not everything

They told us that the ambassador of the European Union to Mexico, Klaus RudischhauserHe visited Nuevo Leon, where he met with businessmen and investors. According to some sources, in addition to the benefits to the two-party treaty on agricultural and industrial goods a few months ago, he reminded participants that the pact now included a chapter on the fight against corruption. However, not only will it be ensured that Mexico complies with anti-corruption laws, the government is also committed to promoting and protecting human rights, democracy and the rule of law. law. For Europeans, it is very clear that more than a commercial objective, it is a cooperation agreement with several key points, such as those mentioned here, although the final text of the treaty is not yet ready.